Suncor Energy, Inc (SU) Stock Could Soon Reward Patient Investors

Suncor Energy, Inc (NYSE: SU) is -0.08% lower on its value in year-to-date trading and has touched a low of $30.79 and a high of $41.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SU stock was last observed hovering at around $35.99 in the last trading session, with the day’s loss setting it -0.34%.

Currently trading at $35.65, the stock is 0.68% and -0.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.47 million and changing -0.94% at the moment leaves the stock -5.86% off its SMA200. SU registered -9.03% loss for a year compared to 6-month loss of -6.45%.

The stock witnessed a 5.44% gain in the last 1 month and extending the period to 3 months gives it a -9.88%, and is 1.97% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.58% over the week and 2.16% over the month.

Suncor Energy, Inc (SU) has around 15010 employees, a market worth around $44.10B and $36.42B in sales. Current P/E ratio is 10.27 and Fwd P/E is 11.70. Profit margin for the company is 12.05%. Distance from 52-week low is 15.78% and -15.01% from its 52-week high. The company has generated returns on investments over the last 12 months (10.89%).

The EPS is expected to shrink by -20.58% this year.

Suncor Energy, Inc (SU) Top Institutional Holders

The shares outstanding are 1.24B, and float is at 1.24B with Short Float at 0.67%.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 63.81 million shares valued at $2.43 billion. The investor’s holdings represent 4.9738% of the SU Shares outstanding. As of 2024-06-30, the second largest holder is SANDERS CAPITAL, LLC with 57.92 million shares valued at $2.21 billion to account for 4.5142 of the shares outstanding. The other top investors are ELLIOTT INVESTMENT MANAGEMENT L.P. which holds 52.67 million shares representing 4.1053% and valued at over $2.01 billion, while VANGUARD GROUP INC holds 4.0356 of the shares totaling 51.78 million with a market value of $1.97 billion.